World Liberty Financial Will Launch Token Sale To Raise $300 Million
The post World Liberty Financial Will Launch Token Sale To Raise $300 Million appeared on BitcoinEthereumNews.com.
Key Points: World Liberty Financial is set to launch its token sale next week. The WLFI token will act as a governance token, allowing holders to participate in platform decisions. World Liberty Financial, a cryptocurrency project with ties to the Trump family, is set to launch its token sale next week, according to a roadmap provided to potential investors. Read more: World Liberty Financial Opens KYC For WLFI Token Sale World Liberty Financial To Launch $300 Million Token Sale According to The Block, the sale is supposed to raise $300 million by selling 20% of the total token supply, valued at a fully diluted market cap of $1.5 billion. This is just the first sale, part of a broader strategy that may see additional offerings. World Liberty Financial was co-founded by Steve and Zach Witkoff, Zak Folkman, and Chase Herro with the mission of creating mass adoption through a compliance-driven, regulatory alternative finance platform. Donald Trump is also the Chief Crypto Advocate, and his three sons are Ambassadors of Web3. The founding team also includes Luke Pearson from Polychain Capital and Corey Caplan from Dolomite. The WLFI token is a governance token. As such, holders will have voting rights in the development of the platform. The tokens will be non-transferable for the initial 12 months, although a community vote may allow transfers before that. Governance capabilities are enabled right away and are unrelated to whether or not the token is transferable. DeFi Lending Platform, Real-World Asset Integration on WLFI’s Agenda First, the project will deploy a DeFi lending platform like Aave, which has a core activity of lending and borrowing Bitcoin, Ether, and stablecoins. Further, WLFI plans to launch an integration with exchanges regarding trading via proof of on-chain know-your-customer agreements. World Liberty Financial is accessible to U.S. accredited investors…
Filed under: News - @ October 10, 2024 2:26 pm